Bank of England warns of 'financial storms'
The Governor of the Bank of England, Sir Mervyn King has urged banks to brace themselves for a potential eurozone collapse.
Delivering a financial stability report he warned that financial systems around the world are vulnerable to the eurozone debt crisis .
He said: "In the UK, we most try to bolster the resilience of our financial system to better withstand the storms that may come in our direction."
01 Dec 2011
- From the section Business